1.

Record Nr.

UNINA9910299949903321

Titolo

Electricity Markets with Increasing Levels of Renewable Generation: Structure, Operation, Agent-based Simulation, and Emerging Designs / / edited by Fernando Lopes, Helder Coelho

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2018

ISBN

3-319-74263-9

Edizione

[1st ed. 2018.]

Descrizione fisica

1 online resource (327 pages) : illustrations, tables

Collana

Studies in Systems, Decision and Control, , 2198-4182 ; ; 144

Disciplina

381.456213

Soggetti

Energy systems

Computational intelligence

Energy policy

Energy and state

Energy Systems

Computational Intelligence

Energy Policy, Economics and Management

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references at the end of each chapters.

Nota di contenuto

Overview of Wholesale Electricity Markets -- Market Prices in a Power Market with more than 50% Wind Power -- Incentivizing Flexibility in System Operations -- Requirements for Strategic Reserves in a Liberalized Market with Wind Power -- Renewable Generation, Support Policies and the Merit Order Effect: A Comprehensive Overview and the Case of Wind Power in Portugal -- Demand Response in Electricity Markets: An Overview and a Study of the Price-effect on the Iberian Daily Market -- Multi-Agent Electricity Markets and Smart Grids Simulation with Connection to Real Physical Resources.

Sommario/riassunto

This book describes the common ground between electricity markets (EMs) and software agents (or artificial intelligence generally). It presents an up-to-date introduction to EMs and intelligent agents, and offers a comprehensive description of the research advances and key achievements related to existing and emerging market designs to reliably and efficiently manage the potential challenges of variable



generation (VG). Most EMs are unique in their complex relationships between economics and the physics of energy, but were created without the notion that large penetrations of variable generation (VG) would be part of the supply mix. An advanced multi-agent approach simulates the behavior of power markets over time, particularly markets with large-scale penetrations of renewable resources. It is intended as a reference book for researchers, academics and industry practitioners, but given the scope of the chapters and the highly accessible style, the book also provides a coherent foundation for several different graduate courses.